A Random Sample of Size 1,000 Is Taken from a Population

question 92

Multiple Choice

A random sample of size 1,000 is taken from a population where p = .20.Find $\mathrm { P } ( \hat { p } > 175 )$

• A).9761
• B).0239
• C).0392
• D).9999

---

Definitions:

DOL

Department of Labor, a U.S. government department responsible for occupational safety, wage standards, unemployment insurance benefits, re-employment services, and some economic statistics.

Financial Leverage

The use of debt to increase the potential return of an investment.

Operating Leverage

A measure of how sensitive a company's operating income is to changes in revenue, indicating the degree to which fixed costs affect profitability.

Sales Revenue

The total amount of money received by a company from its sales of goods or services before any expenses are subtracted.